As of Friday close, Brookline Bancorp Inc.’s (NASDAQ:BRKL) stock was up $0.13, moving up 1.33 percent to $9.90. The average number of shares traded per day over the past five days has been 448,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.56 fall in that time frame. In the last twenty days, the average volume was 566,455, while in the previous 50 days, it was 543,012.
Since last month, BRKL stock retreated -2.27%. Shares of the company fell to $9.66 on 08/18/23, the lowest level in the past month. A 52-week high of $15.50 was reached on 01/03/23 after having rallying from a 52-week low of $7.00. Since the beginning of this year, BRKL’s stock price has dropped by -30.04% or -$4.25, and marked a new high 1 time. However, the stock has declined by -36.13% since its 52-week high.
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BRKL stock investors should be aware that Brookline Bancorp Inc. (BRKL) stock had its last reported insider trading activity 74 days ago on Jun 06. Goldrick Michael P, the CEO PCSB Bank of the company, purchased of 5,000 shares for $8.71 on Jun 06. It resulted in a $43,550 investment by the insider. Fess Darryl J. added 5,000 shares at an average price of $8.43 on May 19. The insider now owns 65,500 shares following the transaction. On May 05, Co-President & CFO Carlson Carl M bought 2,000 shares at $8.09 apiece. The transaction was valued at $16,180.
Valuation Metrics
Right now, Brookline Bancorp Inc. (BRKL) has a P/E ratio of about 8.92. The stock’s beta is 0.72. Besides these, the trailing price-to-sales (P/S) ratio of 1.86, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 7.45 may also be considered.
The latest dividend of $0.1350 per share was paid out, remained unchanged from last year’s $0.1350. On Wednesday October 26 2022, a $0.0050 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.16, and the total debt-to-equity ratio was 0.16. In the year ended June 29, operating margins totaled 61.80%. Based on annual data, BRKL earned $299.77 million in gross profit and brought in $345.19 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.00%. Return on equity (ROE) for the past 12 months was 8.30%.
In Brookline Bancorp Inc.’s quarter-end financial report for June 29, it reported total debt of $1.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Brookline Bancorp Inc. to report $0.29 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by -13.80%. The value of shareholders’ equity is $88.67 million.
Technical Picture
This quick technical analysis looks at Brookline Bancorp Inc.’s (BRKL) price momentum. With a historical volatility rate of 22.58%, the RSI 9-day stood at 37.99% on 18 August.
With respect to its five-day moving average, the current Brookline Bancorp Inc. price is down by -5.35% percent or -$0.56. At present, BRKL shares trade -1.30% below its 20-day simple moving average and -6.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.33% above its SMA50 and -28.00% below its SMA200.
Stochastic coefficient K was 9.58% and Stochastic coefficient D was 5.91%, while ATR was 0.30. Given the Stochastic reading of 19.43% for the 14-day period, the RSI (14) reading has been calculated as 44.80%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.59.
Analyst Ratings
Raymond James launched its rating on Brookline Bancorp Inc. (NASDAQ: BRKL) to a Mkt perform in a note to investors on December 21, 2022. Brookline Bancorp Inc. (BRKL) has been rated Overweight by analysts. According to 0 brokerage firms, BRKL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Brookline Bancorp Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $11.50 – $13.00. Based on these forecasts, analysts predict Brookline Bancorp Inc. (BRKL) will achieve an average price target of $12.17.
